Lucy Nieves
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Lucy Nieves in Barbie Stocks,

Several Analysts Still Remain Bullish On Starbucks, Despite Disappointing Earnings Call

“Growth potential as strong as the coffee,” one analyst noted even after Starbucks Corporation
's disappointing third-quarter earnings call.

But, that did not stop the majority of Wall Street analysts from slashing their ratings and price targets on Starbucks, as it remains difficult to get a clear picture of where the coffee maker is heading in the near future.


A Closer Look At The Rating Changes

  • Stephens: Maintains Market Weight, $58 price target.
  • UBS: Maintains Buy, lowered pt from $70 to $67.
  • BMO Capital Markets: Maintains Outperform, lowered pt to $64.
  • Stifel: Downgraded from Buy to Hold, lowered pt from $66 to $58.
  • Nomura/Instinet: Maintains Buy, lowered price target from $70 to $67.

Source